Oh yeah, this is a completely useless piece of news for people who are not converting to dollars and is not going to make any difference in the price of necessities, because those are still imported with official government rates. I think the government may be flooding the black market with some extra dollars, in lieu of the spin they put on the news, to create the illusion that the Rial will go back up. This will take pressure off their foreign reserves, because people will stop buying dollars or better yet, start selling what they bought earlier. Judging by what you wrote Soroosh joon, I think the strategy has worked - at least for now.